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Allied Energy Announces 10 Additional Wells to Be Drilled in Rogers County, Oklahoma

BOWLING GREEN, KY--(Marketwire - August 8, 2008) - Allied Energy, Inc. (PINKSHEETS: AGGI)
announced today that it has plans to drill 10 more additional wells in
Rogers County, Oklahoma.

The Company has approximately 6,000 acres under lease, more than 60 wells
under development and 18 additional wells to be drilled while continuing to
build its own operating company, gas line transmission system and sales
infrastructure in Rogers County.

"We are preparing to begin drilling the final 8 wells for our 12-well
program while making plans for 10 more locations to be drilled this fall
and
winter," said Steve Stengell, Allied's President.

The Company currently executes a strategy of developing conservative
projects with consistent projected returns. Although no specific results
can
be guaranteed, Allied management is focused on securing additional acreage
in Rogers County with the goal of drilling about 150-200 CBM and/or
conventional wells over the next few years.

About Allied Energy

Allied Energy, Inc. (PINKSHEETS: AGGI) is an independent energy development
firm
primarily engaged in the exploration, development, and production of oil
and
natural gas in the continental United States. The company relies upon its
industry partners, well operators, geologists, petroleum engineers, and
financial analysts whose combined industry experience is essential to the
success of each project. Allied Energy's strategic focus is the development
of oil and natural gas reserves. As the fuel of choice to meet the growing
demand for a clean-burning domestically produced fuel, the company firmly
believes its natural gas exploration strategy should provide substantial
growth to the company for the years to come.

Certain statements in this release and the attached corporate profile that
are not historical facts are "forward-looking statements" within the
meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
may
be identified by the use of words such as "anticipate," "believe,"
"expect,"
"future," "may," "will," "would," "should," "plan," "projected," "intend,"
and similar expressions. Such forward-looking statements involve known and
unknown risks including but not limited to geological and geophysical risks
inherent to the oil and gas industry, uncertainties and other factors that
may cause the actual results, performance or achievements of the Company to
be materially different from those expressed or implied by such
forward-looking statements. The Company may have varying degrees of working
interest ownership in each well and/or prospect. Thus, gross revenue
projections may not be equal to what is distributed net to the Company. The
Company's future operating results are dependent upon many factors,
including but not limited to the Company's ability to: (i) obtain
sufficient
capital or a strategic business arrangement to fund its expansion plans;
(ii) build the management and human resources and infrastructure necessary
to support the growth of its business; (iii) competitive factors and
developments beyond the Company's control; and (iv) other risk factors
inherent to the oil and gas industry.